BNP Paribas Financial Markets Has $381,000 Stock Holdings in Tidewater Inc. (NYSE:TDW)

BNP Paribas Financial Markets decreased its position in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 72.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,963 shares of the oil and gas company's stock after selling 18,776 shares during the period. BNP Paribas Financial Markets' holdings in Tidewater were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TDW. EverSource Wealth Advisors LLC lifted its stake in shares of Tidewater by 45.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock worth $58,000 after buying an additional 333 shares during the last quarter. Tectonic Advisors LLC raised its holdings in shares of Tidewater by 2.3% in the 4th quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company's stock worth $961,000 after buying an additional 402 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Tidewater by 9.5% during the 4th quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company's stock worth $291,000 after purchasing an additional 463 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Tidewater by 13.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,154 shares of the oil and gas company's stock valued at $227,000 after buying an additional 479 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Tidewater by 0.9% in the fourth quarter. Russell Investments Group Ltd. now owns 55,202 shares of the oil and gas company's stock valued at $3,020,000 after buying an additional 496 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert Robotti acquired 25,000 shares of Tidewater stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the transaction, the director now directly owns 2,208,670 shares of the company's stock, valued at approximately $88,589,753.70. This represents a 1.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.33% of the company's stock.

Tidewater Trading Down 1.4%

TDW stock traded down $0.57 during midday trading on Friday, reaching $40.61. The stock had a trading volume of 92,434 shares, compared to its average volume of 1,089,517. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $108.44. The business has a fifty day simple moving average of $38.43 and a two-hundred day simple moving average of $46.42. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 11.90 and a beta of 1.00.

Tidewater (NYSE:TDW - Get Free Report) last posted its earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.24. Tidewater had a return on equity of 18.16% and a net margin of 13.92%. During the same quarter last year, the company posted $0.89 earnings per share. Tidewater's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts expect that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Raymond James lowered their price objective on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Tidewater currently has a consensus rating of "Hold" and a consensus price target of $69.33.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.